.(149746) 12-Unit Property with Boundless Investment Benefits, Lorain, OH Sold

  • $375,000
Sold

Collect $7,625/month OR MORE on this
12 units Apartment Complex
In Lorain, OH
*****Great Investment Property*****
•        Are you looking for real passive income?
•        Are you looking to multiply your returns in real estate?
•        Tired of competing over single family units?
Now you can own 12 income-producing units through one property purchase!
PRICED TO MOVE QUICKLY:  $375,000

This multifamily property offers multiple money-generating strategies:
All 12 units has great full view of the Lake, Great Investment Opportunity!
 85% Occupancy
 Cap Rate on Actuals: 11%
 Roof and Windows are installed few years ago
 Value play: Add coin laundry machines for additional income. Separate laundry room available
 28 min drive to Cleveland Hopkins International Airport
 26 min drive to Cleveland State University
 $45,335 Actual NOI
  Value play: Rent Increase!
 Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..
  Individually metered – residents pay for electricity
 No Seller Financing
  Purchase Price $375,000

For IMMEDIATE DELIVERY of the Property Package:

Option 1:  Text your name & email to 440-214-7803 and a packet will be emailed within 10 minutes

Option 2:  Dial the voice box at 440-214-7803 and speak ONLY your name & email – a packet will be emailed within 10 minutes

Price:
$375,000
Address:
4004 W Erie Ave
Lorain, OH 44053
Terms:
For Sale
Property Type:
Apartment

Additional Features

Collect $7,625/month OR MORE on this 12 units Apartment Complex In Lorain, OH *****Great Investment Property***** • Are you looking for real passive income? • Are you looking to multiply your returns in real estate? • Tired of competing over single family units? Now you can own 12 income-producing units through one property purchase! PRICED TO MOVE QUICKLY: $375,000 This multifamily property offers multiple money-generating strategies: All 12 units has great full view of the Lake, Great Investment Opportunity!  85% Occupancy  Cap Rate on Actuals: 11%  Roof and Windows are installed few years ago  Value play: Add coin laundry machines for additional income. Separate laundry room available  28 min drive to Cleveland Hopkins International Airport  26 min drive to Cleveland State University  $45,335 Actual NOI  Value play: Rent Increase!  Major Employers: Mercy Health, Republic Steel, Camaco Inc, Lorain Tubular, Emerson Network Power and many more..  Individually metered – residents pay for electricity  No Seller Financing  Purchase Price $375,000 For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 440-214-7803 and a packet will be emailed within 10 minutes Option 2: Dial the voice box at 440-214-7803 and speak ONLY your name & email – a packet will be emailed within 10 minutes

Property Location